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Pharoah recently invested in a project with a 3 -year life span. The net present value was $11000 and annual cash inflows were $38000 for

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Pharoah recently invested in a project with a 3 -year life span. The net present value was $11000 and annual cash inflows were $38000 for year 1;\$40000 for year 2; and $42000 for year 3. The initial investment for the project, assuming a 15% required rate of return. was $67960. $75320. $79936 $93400

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